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The collapse of Credit Suisse, one year on

07:32am, Friday, 15'th Mar 2024
CNBC's Steve Sedgwick takes us through the final death throes of Credit Suisse, one year on from its collapse.
Lex Greensill is facing up to a 15-year disqualification from running companies on the back of legal action taken by the UK's Insolvency Service. Following a probe into the directors of his failed fir
UBS Group AG (NYSE:UBS) has started selling ‘Additional Tier 1' bonds again for the first time since its merger with Credit Suisse Group AG (NYSE:CS) caused the bond market to flail. The demand fo
Swiss National Bank Chairman Thomas Jordan said the central bank's interventions during the fall of Credit Suisse were "crucial" to avoid a "financial crisis."
UBS is being fined for missteps by Credit Suisse less than two months after UBS completed an emergency takeover of its former rival.
The U.S. Federal Reserve has hit Swiss bank UBS with a $268.5 million fine over "misconduct" by its rival, Credit Suisse, before the two merged in March.
The settlement is the first of several that UBS could have to pay after it last month closed its takeover of Credit Suisse, which was involved in a number of legal battles.
UBS has been ordered to pay $388 million to British and U.S. regulators over Credit Suisse's dealings with private investment firm Archegos Capital Management, the Swiss bank said on Monday.
Fed says Credit Suisse engaged in ‘unsafe and unsound counterparty credit risk management practices' related to dealings with the investment firm.
The U.S. Federal Reserve said Monday that UBS Group AG UBS, +1.13% must pay a total of $387 million for alleged misconduct related to $5.5 billion in losses tied to the default of Archegos in 2021. Th
The U.S. Federal Reserve announced Monday it had fined UBS Group AG $268.5 million for Credit Suisse's misconduct around its dealings with the defunct investment firm Archegos Capital Management.

Credit Suisse to axe investment bankers in London

06:44am, Wednesday, 19'th Jul 2023
Credit Suisse will reportedly let go of a third of its investment bankers in London by the end of this month, according to reports. The bank, which is in the process of integrating with its fellow Swi
Credit Suisse is set to launch a new round of layoffs which may impact more than 40 employees in one of its China units, two people with direct knowledge of the matter said, as the now subsidiary of f
A Swiss investors' association is planning to file a lawsuit seeking compensation for former Credit Suisse shareholders, the latest legal action triggered by the bank's emergency takeover by its cross
UBS's emergency takeover of Credit Suisse may lead to thousands of job losses, departures of key staff and a risky integration challenge, but for many UBS investors it increasingly looks like a good d
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